3040 Gibraltar Road Santa Barbara CA 93105 MLS #SR23001289

3040 Gibraltar Road
Santa Barbara, CA, 93105
$3,280,000
6 Beds
6 Baths
5,296 SqFt
2.98 Acres
REO Foreclosure Builder Investor Fix and Flip with income property potential. Live in or Rent out Guest House while finishing Construction. Incomplete new construction builder states approximately 80% completed. Main Estate house 4 BR 4.5 BA 4078 Sq ft. + 400 sq ft. Observation deck, according to the plans. Guest House built in 1982, 1BR and Loft and 2 BA 1151 Sq ft, with a laundry room according to the plans and is move in ready. Each has 4+ car parking. One of the highest homes in the hills with STUNNING OCEAN VIEWS OF SANTA BARBARA, THE COASTLINE, HARBOR AND CITY LIGHTS, CHANNEL ISLANDS, etc. This is a once in a lifetime opportunity for the right buyer. The Builder ran out of money during Covid restrictions and could not complete the buildout. Bring your builder or we have a builder who would love to complete the buildout. We have cost breakdowns and estimates available. Main house has 2 car garage to be finished in the construction.

Property Details

Price:
$3,280,000
MLS #:
SR23001289
Status:
Closed ((Mar 8, 2024))
Beds:
6
Baths:
6
Address:
3040 Gibraltar Road
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Santa Barbara: Other 80
Neighborhood:
vc81santabarbara
City:
Santa Barbara
Listed Date:
Jun 1, 2022
State:
CA
Finished Sq Ft:
5,296
ZIP:
93105
Lot Size:
129,808 sqft / 2.98 acres (approx)
Year Built:
2022
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JoAnn

JoAnn

Realtor®

Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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Schools

Interior

Accessibility Features
Other, See Remarks
Appliances
None
Basement
Unfinished
Cooling
None
Fireplace Features
None
Flooring
See Remarks
Heating
None
Interior Features
Unfurnished
Window Features
Wood Frames

Exterior

Community Features
Mountainous
Foundation Details
See Remarks
Garage Spaces
4.00
Lot Features
Lot Over 40000 Sqft
Parking Features
See Remarks
Parking Spots
4.00
Pool Features
None
Roof
See Remarks
Sewer
Unknown
View
City Lights, Coastline, Harbor, Mountain(s), Ocean
Water Source
See Remarks

Financial

Association Fee
0.00
Buyer Agent Compensation
2.500
Utilities
None, See Remarks

Map

Community

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Rover IDX
3040 Gibraltar Road
Santa Barbara, CA